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AMD sees next AI chip in mass production later this year By Reuters
Written by Max A. Cherny SAN FRANCISCO (Reuters) - Advanced Micro Devices said on Thursday it plans to begin mass production of a new version of its artificial intelligence chip called the MI325X in the fourth quarter of the year, as it…
Asia FX firms slightly, dollar steady as CPI data looms By Investing.com
Investing.com -- Most Asian currencies rose slightly on Thursday, recovering some of recent losses, while the dollar held near a seven-week high ahead of key consumer inflation data.
Regional currencies suffered losses over the past week…
Implied odds of a Fed pause in November rise to 22% after Bostic. Euro hits two-month low
The US dollar jumped after Atlanta Fed President Rafael Bostic signaled he was open to a pause in November if data supports it.“I'm completely comfortable skipping a meeting if the data suggests that's appropriate,” he told The New York…
Toronto Dominion Bank stock sinks on report of massive U.S. fine By Investing.com
Toronto Dominion Bank (NYSE:) stock price fell more than 5% on Thursday following reports of an upcoming $3 billion settlement related to anti-money laundering practices in the United States.
According to the Wall Street Journal,…
Russian rouble hits one-year lows against major currencies By Reuters
MOSCOW (Reuters) - The Russian ruble fell further on Thursday, remaining at its lowest level against the U.S. dollar since October 2023. At 0740 GMT, the ruble fell 0.4% to 97.40 against the dollar, London Stock Exchange data showed. On…
USDCAD trend move higher continues. Pair is up near 300 pips in a week. What next?
The US dollar has risen against the Canadian dollar over the past week, with the pair rising nearly 300 pips in one week of trading. This is a big move in a short period of time as the market is heading towards the upside. For a basic look…
Dollar steady ahead of key inflation data By Investing.com
Investing.com - The US dollar held near a seven-week high on Thursday ahead of the headline inflation report, while the euro remained near recent lows.
At 04:15 EDT (08:15 GMT), the dollar index, which tracks the US currency against a…
US initial jobless claims 258K vs 230K estimate
The previous week 225 thousandInitial jobless claims are 258,000 vs. 230,000 estimatedThe four-week moving average of initial jobless claims was 231K vs. 224.25KThe previous week's continuing claims of 1.826 million were revised to 1.819…
5 reasons why Robinhood stock is breaking out By Investing.com
According to Bernstein analysts, while Robinhood's (NASDAQ:) rise in 2021 was tied to its zero interest rate policy (ZIRP), the platform is now benefiting from a "peak interest rate policy" (PIRP) as rates begin to decline.
“HOOD not only…
New Zealand dollar has further to fall
Investing.com - The New Zealand dollar fell after the Reserve Bank of New Zealand cut interest rates earlier this week, and UBS expects the currency to fall further against the US dollar.
The Reserve Bank of New Zealand cut its policy rate…
